All Forum Posts by: Troy Albers

@Frank A Castro

Find a new agent. They’re a dime a dozen, and I’m one of them.

@G. Doby Everyone says according to landlording 101 that you never let a tenant do any work. I get it, but here’s my story. I have a tenant that has lived in one of my houses for about 5 or 6 years now. He has a renovation business, but primarily just does flooring. He has now fully replaced all of the flooring in the house, completely remodeled both bathrooms, installed granite countertops in the kitchen, backsplash, installed a mini split in the master, repainted the outside of the house, added a brick paver patio in the backyard and screened it in. All of this has cost me $500 (the cost of the paint for the outside of the house). My estimate is that he’s done $50k (minimum) of work. Now on the flip side, if I ever need anything done at any of my other properties, he’s my go to guy. He has redone tile on about 6 or 7 houses, I’ve done two complete renovations with him, and he did a ton of work on one flip I did. He’s an honest guy and we have a great relationship. His take on it is this….”my wife and I like nice stuff, where we live, it’s gonna be nice”. Now keep in mind this is a nice house to begin with. I could probably sell it today for $400k. So under the right circumstances, a tenant like this can workout, but I also know that cases like mine are very rare. I’m lucky.

@Scott Mac love the reference. One of my all time favorite songs.

@James Robert your a realtor and your asking this question?

@Jon S.

For a STR pools can be a plus because you can generally get quite a bit more $$ per night and be more desirable to the guest, thus offsetting some of the possible added costs of the pool.

If it’s for a property I’m looking to hold and rent out for a long time, I’ll generally pass on homes with pools. They tend to be a pain in the a$$.

@James Brewer

If your willing to be hands on and do repairs and work yourself it can be a good investment. If you cant, it can be a nightmare.

@Marc Middleton either be a realtor with ethics, or a wholesaler, or acquire funds to buy the property yourself and do with it what you want. You can’t have your cake and eat it too, unless you have no ethics.

If there is anything that can get screwed up, California can do it. Between no plastic straws (but you can use plastic cups), people crapping in the streets, ungodly taxes and out of touch politicians, this sounds like typical California thinking.

@Kyle Wakeman

As a seller, I would never accept an offer with a partner clause.